Starwood Property Trust (NYSE:STWD) Reaches New 1-Year Low – Should You Sell?

Shares of Starwood Property Trust, Inc. (NYSE:STWD) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $18.08 and last traded at $18.45, with a volume of 2242468 shares. The stock had previously closed at $19.20.

Analyst Ratings Changes

A number of analysts have recently commented on the company. JPMorgan Chase & Co. cut their price target on Starwood Property Trust from $20.00 to $19.50 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Keefe, Bruyette & Woods cut their target price on Starwood Property Trust from $22.50 to $22.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $22.21.

Starwood Property Trust Stock Down 5.2 %

The stock has a market capitalization of $6.15 billion, a price-to-earnings ratio of 15.56 and a beta of 1.68. The firm has a 50-day moving average of $19.80 and a 200 day moving average of $19.77. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.79 and a quick ratio of 1.79.

Starwood Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.48 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.92 annualized dividend and a dividend yield of 10.55%. Starwood Property Trust’s dividend payout ratio is presently 174.55%.

Institutional Trading of Starwood Property Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Starwood Property Trust during the 4th quarter worth about $63,044,000. Raymond James Financial Inc. acquired a new position in Starwood Property Trust during the fourth quarter worth approximately $48,841,000. Leeward Investments LLC MA bought a new stake in Starwood Property Trust in the fourth quarter valued at approximately $24,791,000. Northern Trust Corp lifted its position in shares of Starwood Property Trust by 16.2% in the fourth quarter. Northern Trust Corp now owns 5,287,030 shares of the real estate investment trust’s stock valued at $100,189,000 after buying an additional 736,699 shares during the last quarter. Finally, Focus Partners Wealth boosted its stake in shares of Starwood Property Trust by 305.4% during the 4th quarter. Focus Partners Wealth now owns 670,093 shares of the real estate investment trust’s stock worth $12,699,000 after acquiring an additional 504,812 shares during the period. 49.82% of the stock is owned by institutional investors.

Starwood Property Trust Company Profile

Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and internationally. The company operates through Commercial and Residential Lending, Infrastructure Lending, Property, and Investing and Servicing segments. The Commercial and Residential Lending segment originates, acquires, finances, and manages commercial first mortgages, non-agency residential mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), and residential mortgage-backed securities, as well as other real estate and real estate-related debt investments, include distressed or non-performing loans.